Word: cfo
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...King of Beers A former Australian Rules Football pro, O'Hoy, 47, is tackling a new challenge. Foster's Group recently appointed him managing director of Carlton and United Breweries, the Australian beer, spirits and hotel division responsible for more than half the group's operating earnings. As CFO, he helped Foster's buy Beringer Wine Estates of Napa Valley for $1.5 billion. Insiders say a strong performance in his new job will make O'Hoy the likely successor to Foster's CEO, Ted Kunkel...
...January after appealing its delisting, closed last week at $8.26?a gain of 895% for the year. Sina is up 325% in 2002, and Sohu has soared 475%. "I've had more funds call me in the last six weeks than in the last two years," says Sohu's CFO Derek Palaschuk...
...cheating is not only possible but is seemingly essential. And, since Chinese corporate dealings are often murky, investors in the country's few listed companies have come to expect that behind every great Chinese company is a great crime?or at least accounting shenanigans that would make former Enron CFO Andy Fastow blush...
...million Amount of cash severance Tyco agreed to pay ex-CFO Mark Swartz while he was under investigation by a grand jury, which indicted him for fraud...
...appeared to promise future boons for government prosecutors, who are counting on him to incriminate his bosses, and for defrauded Enron investors, employees and pensioners, who may win back some of the ill-gotten spoils. In court documents, Kopper detailed the schemes that he says he ran with former CFO Andrew Fastow, schemes that cost the energy giant more than $1 billion. (Fastow has yet to respond.) Kopper also agreed to forfeit $12 million in illegal profits he earned, to be distributed to Enron victims. But those who lost big on Enron shouldn't celebrate yet. Responsibility for collecting...